Adient (ADNT) Misses Q1 EPS by 34c, Miss on Revenues
Adient (NYSE: ADNT) reported Q1 EPS of $1.06, $0.34 worse than the analyst estimate of $1.40. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.24 billion.
- Q1 GAAP net income and EPS diluted of $(216) million and $(2.32), respectively; Q1 adjusted-EPS diluted of $1.06
- Q1 Adjusted-EBIT of $163 million (margin of 3.9%)
- Cash and cash equivalents of $390 million at December 31, 2017
- Gross debt and net debt of $3,501 million and $3,111 million, respectively, at December 31, 2017
- FY2018 outlook revised to reflect SS&M headwinds and Q1 performance
For earnings history and earnings-related data on Adient (ADNT) click here.